UBS Downgrades Polaris: Here's What You Need To Know

UBS downgraded its rating of Polaris PII to Neutral with a price target of $112.00, changing its price target from $165.00 to $112.00.

Shares of Polaris are trading down 1.2% over the last 24 hours, at $105.18 per share.

A move to $112.00 would account for a 6.48% increase from the current share price.

About Polaris

Polaris designs and manufactures off-road vehicles, including all-terrain vehicles and side-by-side vehicles for recreational and utility purposes, snowmobiles, and on-road vehicles, including motorcycles, along with the related replacement parts, garments, and accessories. The firm entered the marine market after acquiring Boat Holdings in 2018, offering exposure to new segments of the outdoor lifestyle market. Polaris products retailed through more than 2,500 dealers in North America and through 1,500 international dealers as well as more than 30 subsidiaries and 90 distributors in more than 120 countries outside North America at the end of 2021.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.